Liuzhou Steel Group returns to profit in first quarter

Guangxi Zhuang Autonomous Region-based Chinese steelmaker Liuzhou Iron and Steel Group (Liuzhou Steel Group) has announced that in the first quarter of the current year it registered an operating revenue of RMB 6.147 billion ($0.95 billion), declining by 6.7 percent year on year, with a net profit of RMB 15.416 million ($2.37 million) compared to the net loss of RMB 347 million recorded in the same period of 2015.